Top to Bottom Investment Strategy, Young Adult (Business Tips)
Instagram @marketadventurespodcast
In this episode, we discuss what kind of approach I would take toward the stock market if I was 18 years old again.
Disclaimer: “I am not a registered investment advisor or securities broker dealer. These are my thoughts and are not advice. Seek your own education or you will lose money.”
Quote of the week
- “Your ‘I don’t want’ holds the key to your success.”
#1 Seven Cures to a Lean Purse - (Richest Man in Babylon)
"START THY PURSE TO FATTENING"
Create a cash machine
- Learn a skill
- Leverage that skill to earn money (For example: personal training, mowing lawns, selling tshirts)
Debt
- Shouldn’t have much debt - avoid it
Begin stock market education
- Start paper trading
Strategy
- Growth and dividends
Growth ex: snapchat, pinterest, facebook, slack (learn about the business 1st), what are the professional valuations? How can this company continue to make money?
- Learn the value of ownership, drip, and adds to account growth
Non-stock market
- Learn to build a business around your skill or study.
- Why? You’re learning how to be an investor, owner and evaluator of business. Now learn the ins-and-outs
Diversify your assets
- Cash machine/skill → Stock market growth and dividend portfolio → stock market investments → sky’s the limit
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WHAT’S THE KEY: Learn → test → “perfect” → Scale up = $$$
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This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
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